Debit cards payments have overtaken cash for the first time, according to the latest research from UK Finance. Debit cards were used 13.2 billion times in 2017, compared to 13.1 billion cash payments.  Almost two thirds of Britons now use contactless payments, with the number of payments doubling in one...
Debenhams has reported a dramatic drop in pre tax profit of 85% for the six month period to 3 March 2018 to £13.5m. The retailer has blamed a mixture of a change in shopping habits of its customers and the extreme weather brough about by the 'beast from the...
House of Fraser has confirmed plans to close some of of its stores as part of a restructuring plan that will see C. banner international, the Chinese owner of Hamleys toy shop, acquire a 51 per cent stake in the company, for a reported sum of £70 million. House of...
Princess Yachts, one of the UK's largest luxury yacht manufacturers, has recorded a record year with turnover of £340m, an increase of 24%. In the year to 31 December 2018, operating profit was up a massive 173% at £29.8m. Antony Sheriff, executive chairman of...
Underlying profit before tax increased by 10 per cent to £141.6 million Statutory profit before tax increased to £127.2 million, Underlying total income increased by 5 per cent to £343.0 million Virgin Money have reported a 10 per cent increase in underlying profits for the half year to 30...
Smith & Nephew PLC (LON:SN) has bought Ceterix Orthopaedics for $50 million, with a further $55 million over the next five years, based on performance. Ceterix Orthopaedics is the developer of the NovoStitch® Pro Meniscal Repair System, a unique device allowing surgeons to repair...
JD.com, China’s largest retailer, is expanding its luxury white glove delivery service, JD Luxury Express, which offers personalised delivery by specially-trained JD employees. Clad in distinct uniforms, complete with white gloves, they deliver purchases to customers’ homes in electric vehicles, rather than...
Carpetright have reported a pre-tax loss of £70 million for the year ending 28 April 2018. as the struggling retailer's revenue decreased by 3.0% to £443 million. Carpetright agreed to a Company Voluntary Arrangement (CVA) with its creditors in April and is set to close 81 of its stores. In what has been...
Housebuilder Bellway expects total revenue to rise by over 12% to almost £1.5 billion, as demand for affordable new homes remains strong. Bellway expects the number of housing completions to rise by 5.6% to 5,007, with the average selling price rising by 6.5% to...
The Carphone Warehouse, owned by Dixons Carphone, have announced plans to close 92 stores this year, stating that they won’t tolerate the current performance in mobile, or as a Group. Dixons Carphone expects pre-tax profits in the year 2017-18 to be £382 million, but then fall to £300 million in 2018-19. The...

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